Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Sees Large Volume Increase – Should You Buy?

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) shares saw unusually-high trading volume on Friday . Approximately 542,054 shares traded hands during trading, an increase of 640% from the previous session’s volume of 73,258 shares.The stock last traded at $30.16 and had previously closed at $30.36.

Hartford Multifactor Developed Markets (ex-US) ETF Stock Down 0.6 %

The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.94 and a beta of 0.81. The business’s 50-day simple moving average is $29.10 and its two-hundred day simple moving average is $29.52.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RODM. Cerity Partners LLC lifted its stake in Hartford Multifactor Developed Markets (ex-US) ETF by 1.1% in the fourth quarter. Cerity Partners LLC now owns 5,305,626 shares of the exchange traded fund’s stock worth $150,786,000 after acquiring an additional 58,399 shares during the last quarter. Hartford Funds Management Co LLC lifted its position in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 1.4% during the 4th quarter. Hartford Funds Management Co LLC now owns 3,315,750 shares of the exchange traded fund’s stock worth $94,234,000 after buying an additional 44,348 shares during the last quarter. Foster & Motley Inc. lifted its position in shares of Hartford Multifactor Developed Markets (ex-US) ETF by 5.3% during the 4th quarter. Foster & Motley Inc. now owns 2,052,663 shares of the exchange traded fund’s stock worth $58,337,000 after buying an additional 103,703 shares during the last quarter. Mariner LLC raised its position in Hartford Multifactor Developed Markets (ex-US) ETF by 4.0% in the 4th quarter. Mariner LLC now owns 925,942 shares of the exchange traded fund’s stock valued at $26,315,000 after purchasing an additional 35,411 shares during the last quarter. Finally, Intellus Advisors LLC purchased a new stake in Hartford Multifactor Developed Markets (ex-US) ETF in the 4th quarter valued at $24,627,000.

Hartford Multifactor Developed Markets (ex-US) ETF Company Profile

Direct Markets Holdings Corp., formerly Rodman & Renshaw Capital Group, Inc, is a holding company. Through its subsidiaries, it is engaged in the investment banking business. The Company’s principal operating subsidiary is Rodman & Renshaw, LLC (R&R). It is an investment bank, which provides corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions.